BVI Establishes Worldwide Freezing Order Regulations

In the recent case JTrust Asia PTE v Mitsuji Konoshita, The British Virgin Islands Commercial Court established directions and guidelines concerning the meaning and interpretation of a 'good arguable case' in a new precedent for a worldwide freezing injunction.

In Upholding the freezing injunction obtained on the grounds of the defendant's record of suspicious commercial conduct, it stated that it required 'no more than a preliminary appraisal of the claimant's case'.

The decision is great for those seeking to freeze a perpetrators' assets where there is evidence of dishonest conduct.